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Nov 30 - 05:55 PM

USD/JPY - Retreats As Bears Seize On Less Hawkish Powell

By Krishna K  —  Nov 30 - 05:00 PM
  • USD/JPY poised to close 0.45% Thursday as Powell tempers Fed rate outlook

  • Powell says Fed could scale back rate hikes in December nL1N32Q2D1

  • Traders cut bets on Fed peak rate, UST yields pull back; 10-year down 14 bps

  • USD falls from 139.89 day high to 137.67, stabilizes above Monday 137.50 low

  • Focus turns to US PCE, claims & ISM manufacturing Thu, jobs data Friday

  • Below 137.50 opens ratchet to 136.19, Aug 26 low; resistance 138.50, 139.00

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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